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Council to record OWA loan spending; resolution will raise sewer fund appropriations pending administrative actions
Summary
Council reviewed Resolution 11-20-25 to increase sewer fund appropriations to reflect an OWA loan for a sewer project that slipped past the prior fiscal year; staff said the change is administrative and readings can be waived.
Council reviewed Resolution 11-20-25, a staff-requested adjustment to increase sewer‑fund appropriations to record a loan and related expenses for a wastewater project that was not completed in 2024 as originally budgeted. Staff said the resolution is an accounting measure so the loan proceeds and expenditures can be recorded in the village system; the action will be pending administrative approvals and does not require additional legislative readings if council waives them.
Village staff said the appropriation is needed so the Ohio Water (OWA) loan can be recorded as both revenue and expense in the sewer fund; no additional policy changes or new borrowing were requested at the meeting. No vote was recorded on the resolution at this session.
